Finance Ministers were joined by Viet Nam Prime Minister Nguyen Xuan Phuc who urged them to ensure that growth tangibly improves people’s lives as economies move to sustain an emerging recovery in the region.
Their joint statement assesses the global and regional economy and describes joint actions to be implemented by APEC economies over the next year to achieve strong, sustainable, balanced and inclusive growth.
Among them include measures to address long-term infrastructure investment, financial inclusion, base erosion and profit shifting, and disaster risk financing and insurance.
The joint statement also contains an annex on diversifying financing sources and fostering private sector involvement in infrastructure investment in APEC economies.
The next APEC Finance Ministers’ Meeting will be held in Papua New Guinea in 2018.
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